2-bedroom flat · PO13 8NG
Sold STCListed 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* Spacious first floor apartment featuring two double bedrooms, a generous lounge/diner opening into the kitchen, private balcony and parking to the rear.
Ideally situated close to Alver Valley Country Park and the local garden centre, the property is offered for sale with no forward chain.
* Communal Entrance Door with security entry system, stairs to first floor.
Entrance Hallway Radiator, security entry phone, storage cupboard with shelving, further storage cupboard housing the meter and HRV1Q system.
Lounge/ Dining Room:- (17' 4'' x 12' 0'' (5.28m x 3.65m) plus door recess) UPVC double glazed windows to side and front elevations, two radiators, UPVC double glazed double opening doors to balcony, storage cupboard with shelving, opening to:- Kitchen:- (10' 7'' x 6' 11'' (3.22m x 2.11m)) UPVC double glazed window to side elevation, fitted with a range of matching base and wall units, roll top work surfaces, stainless steel sink unit, washing machine, oven, fridge freezer, wall mounted gas boiler.
Bedroom One:- (10' 11'' x 10' 7'' (3.32m x 3.22m) plus door recess) Double aspect room with UPVC double glazed windows to rear and side elevations, radiator.
Bedroom Two:- (11' 5'' x 10' 4'' (3.48m x 3.15m)) UPVC double glazed window to rear elevation, radiator, built in wardrobe.
Shower Room:- (7' 11'' x 5' 9'' (2.41m x 1.75m)) Obscured UPVC double glazed window to rear elevation, close coupled WC, shower point, double shower cubicle with mains shower, pedestal wash hand basin, radiator, extractor fan.
Outside There is parking to the rear Lease Information This is property is available full share or at 35% share.
Full share £160,000 or 35% share £56,500, please note the below charges provided to us by Vivid Homes.
Lease: 112 years remianing full share:- Ground Rent & Service Charges £184,50pcm or 35% share:- Service Charges £173,59pcm plus rent for part share £295.05pcm As per the terms of the lease, any prospective purchaser will need to be assessed by Vivid Homes before agreeing the sale on a part share basis.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 24 Culdrose House, Fawn Close, Gosport
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